Today I’ve added a e-book that describes the influence of the Forex traders’ behavior, beliefs and psychology on the Forex market itself. The results of the study which is performed in this book indicate that:

1. About 30% of Forex traders use mostly technical analysis.
2. Macroeconimic news is reacted very fast to.
3. Importance of individual macroeconomic parameters varies over the time.
4. Fundamental economic parameters generally have a long term influence on Forex market.

You can download this e-book from my site:

Macroeconomic Implications of the Beliefs and Behavior of Foreign Exchange Traders — by Yin-Wong Cheung and Menzie D. Chinn.